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A new Egyptian deal with the International Monetary Fund (IMF) could be under the Extended Fund Facility (EFF) for four years, Egypt’s Minister of Finance Mohamed Maait told Bloomberg TV.
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The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) kept the current key interest rates unchanged in its meeting held on Thursday.
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Egypt’s iron and steel exports  grown by 1 percent during the first four months of 2022, registering about $472 million against $468 million in the corresponding period of 2021. Egypt's exports of…
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Egypt and Saudi Arabia signed 14 agreements with investments worth $7.7 billion, according to Minister of Commerce of Saudi Arabia Majid bin Abdullah al-Qasab.
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EFG Hermes has announced that it successfully concluded the first securitization issuance worth EGP 651.2m of the EGP 3bn programme for Bedaya Mortgage Finance, Egypt’s first non-bank online mortgage…
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 Banque du Caire has invested $82 million in African Export-Import Bank (Afreximbank), raising the total value of the bank's investments in Afreximbank to around $115 million.
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 Egypt’s chemical and fertiliser exports to Oman have increased by 7% to $11 million during the first four months (4M) of 2022, the Chemical and Fertilisers Export Council announced.
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EFG Hermes’ subsidiary, ValU , announced that Al Hokair family has reached an agreement to purchase a 4.99 percent stake in Valeo for $12.4 million, bringing the company’s valuation to $247.4 million.
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The African Export-Import Bank (Afreximbank) is supporting Egyptian Elsewedy Electric to establish the Egyptian Industrial City (EIC) in Tanzania at a cost of nearly $400 million, head of research at…
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Fitch Solutions revised down Egypt’s real GDP growth for the upcoming FY2022/2023 — Which starts on 1 July — to 4.9 percent, down from the 5.5 percent it initially projected.
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